EDP sells Portuguese tariff deficit for €0.6 billion
EDP sells Portuguese tariff deficit for €0.6 billion
EDP Serviço Universal, S.A. (“EDP SU”), the last resort supplier of the Portuguese electricity system, 100% owned by EDP – Energias de Portugal, S.A. (“EDP”), agreed, through six individual transactions, the non-recourse sale of 52.4% of the 2019 tariff deficit, related with special regime generation, for a total amount of €609 million.
This tariff deficit resulted from the 5-year deferral of the recovery of the 2019 overcost with the acquisition of energy from special regime generation (including adjustments for 2017 and 2018).
This information is disclosed pursuant to the terms and for the purposes of the article 17 of Regulation (EU) No. 596/2014 of the European Parliament and of the Council and of article 248-A of the Portuguese Securities code.
EDP – Energias de Portugal. S.A.
